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<br /> 99 11123G
<br /> DEED OF TRUST ��
<br /> This DEED OF TRUST is made as of the 22ND day of NOVEMBER, 1999, by and among the Trustor, �
<br /> JERRY'S SHEET METAL, HEATING& COOLING, INC. A/K/A JERRY'S SHEET METAL, HEATING AND �
<br /> COOLING, INC., whose mailing address for purposes of this Deed of Trust is 907 W OKLAHOMA, GRAND �
<br /> ISLAND,NEBRASKA 68801 (herein, "Trustor",whether one or more), the Trustee, AREND R. BAACK, Attorney
<br /> at Law, a member of the Nebraska State Bar Association, whose mailing address is P. O. Box 790, Grand Island, NE
<br /> 68802-0790 (herein "Trustee"), and the Beneficiary, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
<br /> OF GRAND ISLAND,whose mailing address is P. O.Box 1009, Grand Island,NE 68802-1009(herein"Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein
<br /> to(herein "Borrower", whether one or more), and the trust herein created, the receipt of which is hereby
<br /> acknowledged, Trustor hereby irrevocable grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br /> POWER OF SALE, for the benefit and security of the Lender, under and subject to the terms and conditions
<br /> hereinafter set forth,legally described as follows:
<br /> LOT THREE (3), CLAUSSEN BROTHERS SUBDIVISION, IN THE CITY OF GRAND
<br /> ISLAND,HALL COLTNTY,NEBRASKA.
<br /> together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br /> remainders thereof, and such personal property that is attached to the improvements so as to constitute a fixture,
<br /> including, but not limited to, heating and cooling equipment and together with the homestead or marital interests, if
<br /> any, which interests are hereby released and waived, all of which, including replacements and additions thereto, is
<br /> hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being
<br /> referred to herein as the"Property".
<br /> This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a Deed of
<br /> Trust Note dated NOVEMBER 22, 1999, having a maturity date of DECEMBER 1, 2009, in the original principal
<br /> amount of SEVENTY SIX THOUSAND FIVE HUNDRED AND 00/100 Dollars ($76,500.00), and any and all
<br /> modifications, extensions and renewals thereof or thereto and any and all future advances and re-advances to
<br /> Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes or credit
<br /> agreements (herein called "Note"); (b)the payment of other sums advanced by Lender to protect the security of the
<br /> Note; (c)the performance of all covenants and agreements of Trustor set forth herein; and (d) all present and future
<br /> indebtedness and obligations of Borrower (or any of them if more than one) to Lender whether direct, indirect,
<br /> absolute or contingent and whether arising by note, guazanty, overdraft or otherwise. The Note, this Deed of Trust
<br /> and any and all other documents that secure the Note or otherwise executed in connection therewith, including
<br /> without limitation guarantees, security agreements and assignments of leases and rents, shall be referred to herein as
<br /> the"Loan Instruments".
<br /> TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br /> 1. Pavment of Indebtedness. All indebtedness secured hereby sha11 be paid when due.
<br /> 2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property and
<br /> warrants that the lien created hereby is a first and prior lien on the Property and the execution and delivery of the
<br /> Deed of Trust does not violate any contract or other obligation to which Trustor is subject.
<br /> 3. Taxes, Assessments. To pay before delinquent a11 taxes, special assessments and all other charges against
<br /> the Property now or hereafter levied.
<br /> 4. Insurance. To keep the Property insured against damage by fire hazards included with the term
<br /> "e�ended coverage" and such other hazards as Lender may require in amounts and with companies acceptable to
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